Chinese investment company to buy Texas oil fields for $1.3B

In a disclosure to the Shanghai Stock Exchange, Yantai Xinchao Industry Co. said the oil fields in Howard and Borden counties would be bought from Tall City Exploration and Plymouth Petroleum, two Nevada-based companies.
Alaska Gov. Bill Walker (AP Photo/Mark Thiessen, File)

Gas reserves tax from Alaska special session agenda

The decision came after Gov. Bill Walker received written assurances from BP and ConocoPhillips Alaska that they would be willing to commit to make their gas available to a gas project if they are not participating.
LyondellBasell CEO Bob Patel left, and plant manager Todd Monette right, walk through the Olefins Plant of LyondellBasell Chemical Company during a tour Friday, Aug. 21, 2015, in Channelview. 
 ( James Nielsen / Houston Chronicle )

Low oil prices cut into LyondellBasell income

While North American profit margins are not as strong as they were last year, the petrochemical boom along the Gulf Coast is still moving forward.
A wind farm in West Texas, outside of Roby. (Photo courtesy Rational Middle Media)

Texas hits new wind power milestone on Thursday

At 12:38 a.m. Thursday, the grid that manages nearly 90 percent of Texas’ electricity load hit 12,237.6 megawatts of wind generation — nearly 37 percent of the grid’s load at the time — besting the previous record 11,467 megawatts from wind set on Sept. 13, according to the Electricity Reliability Council of Texas that manages the grid. A megawatt powers about 500 typical Texas residences during periods of normal demand.
A multibillion-dollar expansion of  Dow Chemical Co's Freeport complex is one of many Gulf Coast petrochemical projects driven partly by low-priced U.S. natural gas.  (Dow Chemical Co. photo)

Dow consolidates Kuwait partnerships, plans new Houston area plant

The proposed plant would take advantage of cheap shale natural gas to manufacture monoethylene glycol, which is a building block of many plastics.
Texas Solar Outfitters installs solar panels in a newly constructed home located in the Dominion Falls subdivision in Humble, Texas.

Houston-based Sunnova secures $300 million, a Kinder and a Morgan

Sunnova CEO John Berger said the $300 million is in committed debt and equity funding from Credit Suisse and a group of equity investors led by Triangle Peak Partners, which is based in Houston and California. Other new business development partners include Philadelphia-based Franklin Square Capital Partners and GSO Capital Partners, which is the credit investment arm of the Blackstone Group private equity firm.

Phillips 66 grows in Texas, Louisiana to feed refineries

Construction recently began for a new hydrotreater at the Lake Charles Refinery to meet federal Tier 3 standards for lower sulfur content in gasoline for the beginning of 2017.
Taelyn Harris, 12, a sixth grader at Klentzman Intermediate School, reacts to the shocking feeling of touching the Van de Graaff electrostatic generator at the Houston Museum Of Natural Science booth during the Energy Day Festival at Sam Houston Park, 1000 Bagby St., Saturday, Oct. 17, 2015, in Houston. The free energy education presented by Consumer Energy Alliance targets K-12 students.  ( Melissa Phillip  / Houston Chronicle )

Energy Day Festival 2015 celebrates science at Sam Houston Park

OCI Solar Power's Alamo 4 plant in Brackettville features more than 150,000 solar panels and sits on 600 acres of privately owned land. The solar farm is OCI Solar's first Texas project outside of metro San Antonio and was built as part of an agreement with CPS Energy to provide solar-generated electricity.
Credit: OCI Solar Power

Texas makes big leap in energy efficiency rankings

Texas moved up eight spots to rank 26th nationally after the state became more aggressive in policing proper energy code compliance for buildings as part of a partnership with the U.S. Department of Energy, according to the report by the American Council for an Energy-Efficient Economy.
(Jason Alden/Bloomberg)

Texas electricity complaints drop to lowest level in years

Texans filed 6,973 electricity-related complaints or questions with the Texas Public Utility Commission for the 2015 fiscal year that ended after September, which is down from the previous low of 7,129 complaints in 2013.